Skip to content
etf.net

TCAN

GradeDNASDAQ Global Market

21Shares Canton Network ETF

Crypto · 21Shares · Inception 2026-05-07

$18.03−1.19 (−6.20%)

As of Sep 23, 2026, 2:11 PM EDT

History starts May 7, 2026.History starts May 7, 2026.History starts May 7, 2026.
Intraday session: down, 20 prints from 19.22 to 18.03. Range 18.03 to 18.91. Use the arrow keys to read each point.$18.40$18.8010 AM12 PM2 PM4 PM
Expense ratio
0.50%
Fund size
$8M
1Y return
—
Yield · Last 12 months
—
Volume · 30D
0M sh
NAV per share
$19.48
52W range
low $15.05high $29.64

The ETF.net TCAN Grade

D

32/ 100

Rank 23 of 26 in Crypto Spot⁠

Confidence Medium

Six-pillar profile for TCAN. Scores out of 100: Cost 28, Risk 55, Mission not scored, Tradability 22, Holdings 54, Durability 32. Strongest: Risk (55). Weakest: Tradability (22). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 32 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    DScore 28
    Category rank18/26 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 55
    Category rank13/26 · top 50%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 22
    Category rank22/26 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 54
    Category rank2/6 · top 33%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 32
    Category rank23/26 · bottom quartile

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on TCAN

ETF.net Research

DThe first US ETF built around Canton Coin, the utility token of a privacy-focused blockchain designed for institutional finance. One token, one wrapper, bought like any other stock.

Stated mandate

The Fund seeks returns, before fees and expenses, that correspond to Canton Coin’s price performance. It primarily invests in CC and other instruments designed to provide exposure to or returns consistent with CC.

Why people hold it

  1. 01Launched 2026 as the first US ETF offering direct exposure to Canton Coin, so no crypto exchange account or private keys to manage.globenewswire.com
  2. 02Plain mandate: at least 80% of net assets in CC and CC-linked instruments, tracking the coin's price before fees. No basket, no index detours.21shares.com
  3. 03Canton's validator and governance ranks include Goldman Sachs and Deutsche Bank, though their involvement is not an endorsement of the coin or the fund.globenewswire.com
  4. 04Runs as a 1940 Act fund, with BitGo Bank & Trust and U.S. Bank named as fund custodians rather than the issuer holding coins itself.21shares.com

Worth knowing

  1. 01Costs 0.50% a year against a 0.35% median for spot-crypto funds. Cheaper names sit in the group (XRPZ, XRP), but none of them hold Canton Coin.
  2. 02Small and thinly traded, so spreads can be wide and shares can trade at a premium or discount to NAV.21shares.com
  3. 03Single-token exposure with a short operating history and no distributions; the coin's price does all the work.cdn.21shares.com

TCAN Holdings

As of Sep 20, 2026, 6:36 AM
Asset class
Other
Holdings
—
Top-10 weight
100%
Largest holding
21shares Canton Network ETP50.6%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—21shares Canton Network ETP50.57%194,842$4M3
002—Canton Coin49.22%36,323,289$4M1
003—US BANK MMDA - USBGFS 9 09/01/20370.23%17,109$17K161

Showing 1–3 of 3 holdings

TCAN Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

TCAN$7,535
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,415
Jun 22, 2026 to Sep 22, 2026. TCAN $7,535. SPY $10,415. Use the arrow keys to read each point.$5,650$8,228$10,805Jun 2026Aug 2026Sep 2026

Jun 22, 2026 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for TCAN. Periods over one year show the average yearly return.
PeriodTCAN
Year to dateFund launched this year—
1 month+5.9%
3 months−24.7%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for TCAN
YearReturn barTCAN
2026 YTD−22.1%

Since listing, May 7, 2026

TCAN in the news

ETF.net Research hasn’t filed on TCAN yet — coverage lands here as it’s written.

TCAN Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
—Last 12 months
Payout per share
—Last 12 months

Listed May 2026. No distributions yet.

TCAN Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched May 2026; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched May 2026; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
Launched May 2026; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
4.73
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

TCAN Cost

Expense ratio0.50%
  • The middle half of Crypto Spot funds
  • Median 0.35%

17 of the 26 Crypto Spot funds charge less.

TCAN costs $50.00 a year on $10,000. The median Crypto Spot fund costs $35.00.